Matein Khalid There is now no doubt in my mind that we are witnessing a replay of the inflection point in the global liquidity cycle that culminated in the Asian currency meltdown in 1997, the TMT debacle in 2000 and the subprime mortgage crisis/credit market contagion in September 2008. China’s $5 trillion deflation nightmare has only just begun, a replay of Japan’s two lost decades with a […]
NEW YORK, USA, September 8, 2023/EINPresswire.com/ — BlackRock plans to acquire Voyager Digital, deepening its layout in the encryption field.
According to industry insiders. in the past month, BlackRock has completed the first round of due diligence on Voyager Digital, an encryption platform that has filed for bankruptcy. The two parties are in negotiations regarding the current sale of the assets and shares of the bankrupt entity and have reached a preliminary acquisition intent.
In the future,once the acquisition plan is finalized, Voyager will become BlackRock first acquisition in the cryptocurrency field. This represents not only a strategic move into the cryptocurrency sector but also preparation for the lengthy Bitcoin ETF application process.It bears great significance for the entire cryptocurrency market.
As an asset management giant, BlackRock has currently made more than 200 investments and acquisitions around the world, all in the traditional financial and technology fields.This acquisition of a company in the encryption field is the first time in history, although the details of the acquisition negotiations have not been made public. but it also triggered a series of speculations from the outside world.
Since applying for the Bitcoin ETF, BlackRock has already made it clear that it will enter the field of crypto asset management,but the operation of digital assets needs to meet a series of compliance conditions,such as digital asset custody and trading licenses,MSB (money service business),MTL (money transmission) license).
At the same time,Voyager Digital has a crypto brokerage license,which can directly provide BlackRock with a complete set of forward-looking conditions required to operate crypto asset business, helping to quickly promote crypto business in the United States.
Prior to this,Voyager Digital was the largest crypto brokerage platform in the United States.However,due to the collapse of the 3AC fund,the company had to deal with a severe liquidity crisis and filed for Chapter 11 bankruptcy last July. During the bankruptcy process that lasted for more than a year,Voyager went through two acquisition plans proposed by FTX and Binance,and finally withdrew due to internal reasons of the other party.
After the agreement broke down,Voyager started asset liquidation work,has completed the first round of return of assets to creditors,and entered the final stage of bankruptcy proceedings.During this process, the liquidation debtors have repeatedly stated that they are discussing the feasibility of selling platform assets with multiple relevant parties in an effort to return as many assets as possible to creditors.
According to a previous statement by the creditors committee on Twitter,the platform will be sold as a whole, which also means that Voyager will have the opportunity to rebuild its brand value based on the resumption of operations.value on the basis of resuming operations.
Compared to the previous two sales, BlackRock’s influence is undoubtedly substantial. It is conceivable that EDXMarkets, launched by traditional financial giants such as Fidelity Investments and Citadel Securities, has completely revolutionized the cryptocurrency exchange mechanism.
Will BlackRock leverage Voyager Digital to bring about new changes in the traditional trading broker model within the encryption field? This remains uncertain…
As of the current press time, Voyager’s official website indicates that the liquidation debtor will revamp the website page in September to provide creditors with updates on the progress and status of bankruptcy cases.
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Platform Workers found to have bigger protection gaps compared to the general Economically Active population Life Insurance Industry commits to spearheading efforts to narrow the protection gap in Singapore SINGAPORE – Media OutReach – 8 September 2023 – The Life Insurance Association, Singapore (LIA Singapore) today unveiled findings of the Protection Gap Study (PGS) 2022 which found that economically active1 (EA) Singaporeans and Permanent Residents in Singapore […]
BEIJING, CHINA – Media OutReach – 8 September 2023 – Accounting and finance professionals in Mainland China are embracing new technology at a rapid rate, according to one of the world’s largest accounting bodies. A new report from CPA Australia reveals that a growing number of businesses have adopted digital transformation strategies. CPA Australia’s 2023 Business Technology Survey was conducted from May to July 2023 across the […]
Arabian Post Staff Dubai International Financial Centre (DIFC) has enacted amendments to the Data Protection Regulations. The amendments enhance the current data protection framework, keeping the Centre at the forefront of data protection in the region. The amendments to the Data Protection Regulations address the means for better, safer and more ethical management of personal data processing and operations. The updated regulations provide clarity on: Personal Data […]
The United Arab Emirates (UAE) is one of the world’s thriving economies. The country witnessed a spectacular development in online commodity trading due to its advantageous location and is continuously rising to prominence in the global commodities market. This article explores the dynamic landscape of the country, focusing on trends and opportunities for online trading in UAE.[/caption] Commodity Trading In UAE – A Brief Overview In the […]
By K R Sudhaman The G20 summit on September 9-10 could not have come at any time better to highlight India’s great strides in digitalization, that has revolutionized payment system in the country and provided common man easy and quick solutions to his financial problems. With India taking the lead in becoming the voice of […]
The post India To Showcase At G20 Summit Its Power In Digital Payment Systems first appeared on Latest India news, analysis and reports on IPA Newspack.
By Subrata Majumder Enthralled by the Presidency of G 20, India heralds the new global leadership in geo-political and economic dynamism. A decade and half ago, it was the focus was on poverty, draught , unemployment , red tape and volatile economy. In 2014-15, India was the 10th largest economy. Now, it is 5th largest. […]
The post India Leads G20 Summit With Confidence As Economy Performs Better Than China first appeared on Latest India news, analysis and reports on IPA Newspack.
Richard Wray, Chief Product Officer at CLOWD9
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Senior Payments Executive joins the senior management team of payment cloud specialists that are revolutionising issuer processing
LONDON, UNITED KINGDOM, September 7, 2023/EINPresswire.com/ — CLOWD9, a pioneering force in the payments technology sector, is pleased to announce the appointment of Richard Wray as its new Chief Product Officer (CPO). Richard, formerly the Chief Operating Officer (COO) of Carta Worldwide, brings a wealth of experience and innovation to CLOWD9, further strengthening the company’s commitment to delivering cutting-edge financial solutions.
As COO at Carta Worldwide, Richard Wray played a pivotal role in propelling the payments company to new heights in the fintech industry, as well as being instrumental in supporting and launching Mastercard’s Digital Enablement Services (MDES). Now, as CPO at CLOWD9, Richard will continue to drive and enhance the company’s innovative payment technology service offerings.
Founded by Suresh Vaghjiani, Cosmo Spens, Artur Grabowski, Robert Hampel, and Peter Selman, CLOWD9 was created to transform the technology that underpins the global payments system. To date, innovation in payments technology has predominantly focused on front-end systems, leaving back-end systems fragmented and lacking truly global solutions. Built entirely in the cloud, CLOWD9 has removed the need for physical hardware. Its decentralised model allows virtual access to the platform around the world, via multiple ‘instances’ allowing the transactions to be processed locally in each region or country with unrivalled reliability.
Suresh Vaghjiani, CLOWD9 founder and CEO said: “We are delighted to welcome Richard to the senior management team at CLOWD9. His exceptional track record in payment innovation with in-depth knowledge from his time at other processors and Mastercard strengthens the team to lead our product development pipeline and drive our innovation agenda as we continue to expand globally.”
Richard Wray, CPO of CLOWD9, said: “I am excited to join CLOWD9 and contribute to its mission of transforming the payments sector. The combination of talent and innovative payment technology services driving CLOWD9 is truly exciting. I am eager to lead CLOWD9’s efforts in creating groundbreaking products that meet the evolving needs of our customers.”
Headquartered in London, CLOWD9’s investor base includes an array of senior financial executives and family offices. It has over 40 full-time employees and is the first payments-processor to be B-Corp certified.
– ENDS –
Notes to editors
CLOWD9 is a firm of payments experts supported and advised by experienced finance executives and entrepreneurs. The senior team is comprised of:
– Suresh Vaghjiani, CEO and Founder. Former President of Thredd and CEO of Tribe Payments
– Peter Selman, Chairman and Founder. Former Partner of Goldman Sachs, Deutsche Bank
– Robert Hampel, Board and Founder. Chairman, Vantage Capital Markets. CEO Sunrise Asset Management
– Cosmo Spens, Founder. Ginx TV, Boldmind Flow City, Beam.tv, Twixis, Fintech Circle, Content Film
– Artur Grabowski, CTO and Founder. Formerly of Camelot, Hailo, Essence, Bauer, Haymarket, Time
About CLOWD9
CLOWD9 Ltd. is the world’s first cloud native, B Corp Certified, decentralized payments processing platform. Born in the cloud, the platform delivers uncompromising, limitless payments technology around the globe. Founded in the UK by payments experts and advised by finance executives and entrepreneurs, CLOWD9 processes payments for traditional banks, neo banks and fintechs. Its platform architecture is global by design, allowing it to scale at speed, quickly establish in new markets and service regional payment preferences across traditional card, bank transfers, QR codes, biometrics or cryptocurrency.
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Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Wednesday said that discrimination exists in our society, and reservations should continue as long as inequality persists. Speaking at an event in Nagpur, he also said the ‘Akhand Bharat’ or undivided India will become a reality before today’s youngsters become old, as those who separated from India […]
The post RSS chief for continued quotas until inequality ends first appeared on Latest India news, analysis and reports on IPA Newspack.
“Renovate, Recover, Recycle“ HONG KONG SAR – Media OutReach – 6 September 2023 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results of Sunlight REIT for the year ended 30 June 2023 (the “Year“). While the Hong Kong economy staged a rebound in the second half of the Year, the performance of Sunlight REIT was somewhat marred by a cyclical downswing of the commercial […]
HONG KONG SAR – Media OutReach – 6 September 2023 – Neuron Digital Group, which is offering an AI-supported ‘Digital Brain for Smart Buildings’, has now officially launched its full suite of digitalisation products and services for the built environment. With Neuron solutions installed, old and new buildings will experience cost savings, increased occupant comfort, reduced carbon footprint and improved ESG reporting. Neuron is positioned to be […]
HONG KONG SAR – Media OutReach – 6 September 2023 – Hong Kong Life is always committed to promoting physical and mental health to the public and customers and driving the long-term development of local art culture by supporting different types of artistic creations. Hong Kong Life is honored to be one of the sponsors of the stage play “Tuesdays with Morrie”, which is adapted from the […]
SINGAPORE – Media OutReach – 6 September 2023 – SGMYTRIPS, a leading provider of private transport from Singapore to Malaysia, has announced its expansion and partnership with several international platforms. Through cooperation with these platforms, SGMYTRIPS aims to serve the increasing number of international travellers visiting Malaysia. With the resumption and rise of international travel due to all COVID-19-related border measures having been lifted, an increasing number […]
Starring Spackman Media Group artist Wi Ha-jun, the original crime action drama series, THE WORST OF EVIL, will be released exclusively on Disney+ on September 27 Represented by Spackman Media Group, Wi Ha-jun is also set to reprise his role in the highly anticipated second season of the international breakout hit, SQUID GAME, alongside the original cast comprising Lee Jung-jae, Lee Byung-hun and Gong Yoo Emerging as […]
NEW YORK, US – Media OutReach – 6 September 2023 – On September 5th, Justin Sun, the founder of TRON and a member of the Huobi Global Advisory Committee, was invited to attend KBW 2023, where he engaged in an in-depth dialogue on the theme of “Asia’s Ascendance, Milestones, and Innovations” with Ronnie Levi, the Director of Client Relations at MarketAcross. During the conversation, Sun articulated that […]
Matein Khalid Dubai’s royal and merchant elite has always had a significant financial exposure to UK PLC, and thus sterling. The historical umbilical cord between Britain and Dubai goes back to even before the birth of the UAE Federation in December 1971. The late Sheikh Rashid al Maktoum, the father of the current ruler of Dubai, was a frequent guest at Buckingham Palace, Windsor Castle and Sandringham. […]
By Kalyani Shankar The newly formed Opposition alliance I.N.D.I.A. took a positive step last week in cementing a solid coalition in Mumbai. This decision was made during their third meeting, preceded by two previous conferences in Patna and Bengaluru. Their goal is to replicate the 1977 or 2004 scenario where the weaker Opposition won against […]
The post INDIA Alliance Has To Successfully Tackle Seat Sharing Issue To Defeat BJP first appeared on Latest India news, analysis and reports on IPA Newspack.
TOKYO, JAPAN – Media OutReach – 5 September 2023 – Appier, a leading software-as-a-service (SaaS) company that uses artificial intelligence (AI) to power digital marketing decision-making, today announces that Appier was named as the top Outstanding Company in Japan – Software & Service under Asiamoney’s annual Asia’s Outstanding Companies Poll, which recognizes organizations for their outstanding performance in their respective sectors. The poll is designed to acknowledge […]
